Reply to ISO advice re nanny share minimum wage

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[quote=Anonymous][quote=nannydebsays]

Although many MB's here will argue otherwise, a nanny share rate is not fiscally equal to daycare rates. Most knowledgeable nannies will happily give each family a discount off her regular rate when considering a share, but will not "split the difference" on her regular rate for a share.

IOW, if nanny can make $15/hour working for a single family, she might offer a discount to $12/hour PER FAMILY in a nanny share.

So if your potential hire can make say...$10/hour working for one family, she'd likely set her nanny share rate at $8 per family per hour, with OT kicking in after 40 hours, bringing each family's rate to $12/hour. Which means that instead of both families paying $337.5/week, you would each be paying $380/week

So, yes, you can pay her that wage and be prepared to lose her when she finds a better paying job.[/quote]

I wouldn't compare a nanny share to daycare rates, but I think the more broadly accepted comparison is to two kids from a single household. Most commonly, you will see a 10-15% surcharge over what a nanny can get for the same amount of children, not a discount from a doubled rate!

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